Austria: Iron Oxide Pigments Market Overview 2021

Iron Oxide Pigments Market Size in Austria

The Austrian iron oxide pigments market rose markedly to $X in 2020, with an increase of X% against the previous year. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iron oxide pigments consumption peaked in 2020 and is expected to retain growth in years to come.

Iron Oxide Pigments Production in Austria

In value terms, iron oxide pigments production reduced markedly to $X in 2020 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Iron oxide pigments production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Iron Oxide Pigments Exports

Exports from Austria

For the third consecutive year, Austria recorded decline in shipments abroad of iron oxides and hydroxides, which decreased by -X% to X tonnes in 2020. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, iron oxide pigments exports declined dramatically to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for iron oxide pigments exports from Austria, accounting for a X% share of total exports. Moreover, iron oxide pigments exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tonnes), threefold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and Italy (+X% per year).

In value terms, China ($X) remains the key foreign market for iron oxide pigments exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2020, the average iron oxide pigments export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Germany ($X per tonne) and Taiwan (Chinese) ($X per tonne), while the average price for exports to Italy ($X per tonne) and India ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Iron Oxide Pigments Imports

Imports into Austria

In 2020, supplies from abroad of iron oxides and hydroxides decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, iron oxide pigments imports plummeted to $X in 2020. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest iron oxide pigments supplier to Austria, accounting for a X% share of total imports. Moreover, iron oxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fivefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Austria, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

+

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China (409K tonnes), the U.S. (230K tonnes) and India (158K tonnes), with a combined 42% share of global consumption. Germany, Japan, Russia, Brazil, Taiwan (Chinese), France, Italy, South Korea, Canada and Poland lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of iron oxides and hydroxides in the world?

+

China (566K tonnes) remains the largest iron oxide pigments producing country worldwide, comprising approx. 31% of total volume. Moreover, iron oxide pigments production in China exceeded the figures recorded by the second-largest producer, Germany (252K tonnes), twofold. India (150K tonnes) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of iron oxides and hydroxides to Austria?

+

In value terms, Germany ($1.3M) constituted the largest supplier of iron oxide pigments to Austria, comprising 51% of total imports. The second position in the ranking was occupied by Italy ($604K), with a 23% share of total imports. It was followed by China, with a 9.4% share.

What are the leading importers of iron oxides and hydroxides from Austria?

+

In value terms, China ($2.3M) remains the key foreign market for iron oxide pigments exports from Austria, comprising 35% of total exports. The second position in the ranking was occupied by Germany ($902K), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

What is the average export price for iron oxides and hydroxides in Austria?

+

In 2020, the average iron oxide pigments export price amounted to $404 per tonne, with an increase of 4.4% against the previous year.

What is the average import price for iron oxides and hydroxides in Austria?

+

The average iron oxide pigments import price stood at $1,525 per tonne in 2020, with an increase of 23% against the previous year.